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market outlook
Tech View: Nifty charts hint at selling pressure on every uptick. What traders should…
Nifty formed a small-bodied bearish candle with a longer lower shadow on the daily scale, which indicates buying interest on declines but the absence of follow-up activities at higher zones.…
Nifty forms bullish candle. What traders should do next week
Nifty today formed a bullish candle with a longer lower shadow on the daily and weekly scale, which indicates buying interest on declines. Now, it needs to hold above 17,850 zones, for an up…
Nifty charts hint at chances of pullback rally. What traders should do on Friday
Headline index Nifty today formed a bullish candle with minor upper and lower shadows, indicating that the market is in a near-term bottom reversal mode and the Nifty is expected to show a…
Nifty forms long-legged Doji candle on Budget day. What traders should do on Thursday…
Following wild swings on the Budget day, headline index Nifty today formed a long-legged Doji candlestick on the daily chart, which is indicating an indecisive trend.Now, it needs to hold…
Market may remain in a sell-on-rally mode till Nifty stays below 17,850: Rupak De
“On the higher end, resistance is visible at 17,850. The market may remain in a sell-on-rally till the time the Nifty stays below 17,850,” says Rupak De, Senior Technical Analyst at .In an…
Tech View: Nifty forms Doji candle, ends above 20-DMA. What traders should do on…
The headline equity index Nifty on Monday formed a Doji candle on the daily charts and closed the day with a gain of around 90 points to close above the 20-DMA. Now, it has to hold above…
Traders can deploy long butterfly strategy ahead of Budget; keep an eye on metal…
“For strategy traders, with expiry and budget in purview, the long butterfly may be attempted along the 17800-18050-18300 strikes,” says Anand James, Chief Market Strategist at .In an…
Q3 earnings, F&O expiry among 8 factors that will steer market this week
As the Budget day draws close, markets will likely remain volatile in the holiday-shortened week, mainly on account of the expiry of monthly derivative contracts.Further, analysts expect the…
Tech View: Doji candle on Nifty signals pause in uptrend. What traders should do on…
Indicating non-directional activity in the market, the headline equity index Nifty today formed a Doji candle on the daily charts on weekly derivative expiry. The index has been making…